Belfrics
On February 12, 2025, the Monetary Authority of Singapore (MAS) added Belfrics to its warning list for providing investment services without being licensed. https://www.mas.gov.sg/investor-alert-list
On February 12, 2025, the Monetary Authority of Singapore (MAS) added Belfrics to its warning list for providing investment services without being licensed. https://www.mas.gov.sg/investor-alert-listBelfrics has two websites to solicit investors. Information from the websites suggest that they have different branches across various countries. However, no information can be found indicating that the broker is properly registered or licensed. The Monetary Authority of Singapore (MAS) has added Belfrics to its warning list.
In essence, Belfrics is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Belfrics appears to be a scam.
Belfrics has two websites to solicit investors. Information from the websites suggest that they have different branches across various countries. However, no information can be found indicating that the broker is properly registered or licensed. The Monetary Authority of Singapore (MAS) has added Belfrics to its warning list. In essence, Belfrics is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Belfrics appears to be a scam.BrokersView found that the domain "https://singapore.belfrics.com/; https://belfricsgroup.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://singapore.belfrics.com/; https://belfricsgroup.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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